Regulation & Compliance
Paint Makers’ $900M Lead Paint Trial Underway in California
BP Plc's Atlantic Richfield Co. is among five companies fighting a public nuisance lawsuit in state court seeking $900 million to replace or contain lead paint in millions of California homes. In a ...
Conn. Says Insurers Must Complete Climate Risk Survey
Connecticut Insurance Commissioner Thomas Leonardi has decided that about 110 Connecticut-based insurance companies will be required to complete a survey describing what they are doing to address ...
Judge Lets U.S. Pursue $5B Fraud Lawsuit Against S&P
The U.S. government may proceed with its $5 billion lawsuit accusing Standard & Poor's of misleading investors by inflating its credit ratings, after a federal judge rejected the rating agency's ...
Greenberg Presses for Bernanke Testimony in Lawsuit Over AIG Bailout
U.S. Federal Reserve Chairman Ben Bernanke should be required to testify in Maurice "Hank" Greenberg's lawsuit over the bailout of American International Group Inc., Greenberg's lawyers said. ...
Court Says Insurers Can Probe Whether Rogue MF Global Trader Was Employee
An American International Group Inc. unit and other insurers can probe whether a "rogue trader" was an employee of MF Global Holdings Inc. as part of a lawsuit over liabilities for losses tied to the ...
MetLife Nears Systemic Financial Institution Risk Tag
MetLife Inc., the largest U.S. life insurer, was moved to the last stage of a regulatory review that may impose extra Federal Reserve oversight. The Financial Stability Oversight Council, a group of ...
Apple Controversy Lays Bare Complex Irish Tax Web: Reuters Report
Occupying a single floor of a three-story building in a suburban Dublin office park, Western Union's offices are notably modest for the international headquarters of the world's largest money ...
SEC Officials Frustrated with Slow Pace of Dodd-Frank Rules
Top U.S. Securities and Exchange Commission officials are frustrated over lack of progress in finalizing rules for credit rating agencies and asset-backed securities (ABS), seen by regulators as ...